Sentences with phrase «partly in lump sum»

Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Vested simple Bonuses and final additional bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee / legal heir at the then prevailing immediate annuity rates.

These plans pay the death benefit partly in lump sum and partly in monthly or annual incomes or completely in monthly or annual incomes for a specified tenure after the death of the insured.

It can be availed completely in lump sum, completely in monthly incomes or partly in lump sum and partly in monthly incomes.

The Maturity Value can be taken partly in lump sum and partly in instalments over a period of 5 years under the Structured Payout Period

Step 2 — then the policyholder chooses whether he wants the death benefit in one lump sum, as monthly incomes or partly in lump sum and partly in monthly incomes.

Death benefit can be either taken wholly in lump sum or partly in lump sum and partly in monthly instalments

On death after the first five years, basic Sum Assured + accrued Guaranteed Additions + vested Simple Reversionary Bonuses and Final Additional Bonus, if any is paid either in lump sum or in annuity or partly in lump sum and partly in annuity.

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

The Sum Assured is paid partly in lump sum and partly in annual incomes after death of the life insured.

On death during the first 5 years of the term, basic Sum Assured + accrued Guaranteed Additions are paid in lump sum or annuity or partly in lumps sum and partly in annuity.

Not exact matches

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

The nominee on receiving the Death Benefit may withdraw the entire proceeds in a lump sum; or they may utilize the amount (partly or wholly) to purchase an annuity at the then prevailing rate from the Company.

In case of early demise or in case of policy maturity of the life insured during the tenure of the policy but before the demise of the handicapped person, the benefit is paid partly in installments and partly in lump - suIn case of early demise or in case of policy maturity of the life insured during the tenure of the policy but before the demise of the handicapped person, the benefit is paid partly in installments and partly in lump - suin case of policy maturity of the life insured during the tenure of the policy but before the demise of the handicapped person, the benefit is paid partly in installments and partly in lump - suin installments and partly in lump - suin lump - sum.